Shale
News
February 16, 2022
ConocoPhillips is supplying a Bitcoin mining project with natural gas from the Bakken shale of North Dakota in a first for a major U.S. producer.
Article
February 2022
A major artic blast came with the new year across the Eastern United States, leading to a spike in natural gas prices on top of already multi-year highs in a volatile market. For now, most producers in the Marcellus and Utica shales across the Pennsylvania, West Virginia and Ohio fairway are refraining from exponential drilling and production growth.
News
February 09, 2022
New York’s $280 billion state pension fund will divest more than $238 million in shares and bonds of oil and gas companies.
News
February 08, 2022
Oil executives tempted by the prospect of the highest crude prices in seven years are showing all the signs of abandoning pledges to hold the line on drilling budgets, Citigroup Inc. said.
News
February 04, 2022
Output in the U.S. shale patch is “re-booming” this year, with research and data analysis firm Lium LLC forecasting production will surge by more than 1 million barrels a day.
News
February 03, 2022
Oil shot across $90 for the first time since 2014 as winter weather in the U.S. threatened to shut in some production while geopolitical tensions continued to keep investors on edge.
News
February 02, 2022
Vitol Group, the world’s largest independent oil trader, is partnering with shale specialists who formerly led Brigham Exploration Co. to expand amid the highest crude prices in seven years.
News
February 01, 2022
President Joe Biden, who asked OPEC+ to raise oil production faster to tame runaway energy prices, got a gift on his home turf instead: a blockbuster growth forecast for U.S. shale production from the country’s two biggest oil companies.
News
January 31, 2022
JPMorgan Chase & Co. is selling Bighorn Permian Resources LLC, an oil and gas producer it took over in 2020 after the company failed to attract bidders during its bankruptcy, to Earthstone Energy Inc. for $860 million.
News
January 28, 2022
Chevron Corp. plans to increase Permian Basin production by about 10% this year from 2021 levels, among the biggest growth forecasts yet from any of America’s top shale producers.
News
January 27, 2022
U.S. shale executives have finally achieved something that eluded the industry for more than a decade: the ability to turn over billions of dollars in dividends to shareholders while at the same time boosting production to tap into surging global oil demand.
Article
January 2022
Shaky ground: Railroad Commission takes much-needed stand on oil field earthquakes
Article
January 2022
Whole lotta shaking going on
News
January 26, 2022
A major U.S. natural gas pipeline project that’s crucial for shale drillers in the Appalachians is now in doubt after a court rejected its permit to cross a national forest in the Virginias.
Article
January 2022
Utilizing environmentally friendly bio-based surfactants that provide mechanisms of action, which surpass traditional petroleum-based products, U.S. operators are improving crude output while increasing total well lifecycle.
Article
January 2022
As fracturing intensities continue to push component capabilities, a system-level approach is required to further enhance operational efficiencies. An innovative completion technology ecosystem has delivered OPEX savings and QHSE improvement through system integration, automation and digital control capabilities.
Article
January 2022
Increased industry demand for lower emissions, improved operational efficiency and reliability, and competitive capital cost structure, all call for innovative thinking in hydraulic equipment design and engineering. Direct-drive turbine technology has been proven to take up the challenges.
News
January 25, 2022
Chesapeake Energy Corp. agreed to buy closely held Chief E&D Holdings LP and associated assets held by affiliates of Tug Hill Inc. for about $2.6 billion in cash and stock, marking its second multi-billion-dollar acquisition since emerging from bankruptcy last year.
News
January 21, 2022
Oil and gas drilling is big business once again, if the leap in demand for services from Baker Hughes Co., the world’s No. 2 oilfield contractor, is any gauge.
News
January 21, 2022
Schlumberger is gearing up for growth around the world as the No. 1 oilfield contractor expects recovering economies to ignite several years of crude-demand expansion.
News
January 20, 2022
Texas natural gas production dropped for the second time this month because of freezing temperatures settling over the state.
